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Everyone thinks the Fed prints endless money. So why does the world keep running short of dollars? Because what the Fed actually creates is not the money the world uses. It creates bank reserves. Those are not real money. They are limited-use tokens that only work inside the interbank...

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Jeffrey P. Snider

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61,652 Aufrufe • vor 9 Tagen •via X (Twitter)

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🚨🇺🇸 The institution everyone blames for inflation can't even create money that means anything on its own. Jeffrey Snider just explained the limits of the Federal Reserve. "The best that the Federal Reserve can do is create bank reserves and hope it somehow influences bank behavior, because commercial banks are the ones who own these bank reserves. Unless commercial banks do something in response to whatever operation the Federal Reserve is undertaking, then it doesn't matter, the Federal Reserve is just moving stuff around from one pocket to another. They're not actually creating useful money in the outside system." Jeffrey P. Snider
2:10

🚨🇺🇸 The institution everyone blames for inflation can't even create money that means anything on its own. Jeffrey Snider just explained the limits of the Federal Reserve. "The best that the Federal Reserve can do is create bank reserves and hope it somehow influences bank behavior, because commercial banks are the ones who own these bank reserves. Unless commercial banks do something in response to whatever operation the Federal Reserve is undertaking, then it doesn't matter, the Federal Reserve is just moving stuff around from one pocket to another. They're not actually creating useful money in the outside system." Jeffrey P. Snider

Mario Nawfal

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The Fed has paid $188B to banks NOT to loan money, 40% of that is going to foreign banks. It’s losing money while micromanaging rates. I explained why it’s time to rethink the entire system with @LarryKudlow.
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The Fed has paid $188B to banks NOT to loan money, 40% of that is going to foreign banks. It’s losing money while micromanaging rates. I explained why it’s time to rethink the entire system with @LarryKudlow.

Rand Paul

1,008,010 Aufrufe • vor 1 Jahr

Banks create money out of thin air. This is not a conspiracy theory. This is how the system works. You deposit a million dollars. The bank lends it to an entrepreneur. You think the bank now has zero. It has two million. Because when a bank issues a loan it creates new money on its balance sheet. This is the secret of alchemy. Turning lead into gold. Turning nothing into something. The only reason it works is because you believe it works. Money is not valuable because of gold. Not because of oil. Money is valuable because you cannot imagine a world without it. That is the trick. And the people running this trick have been running it for 800 years
1:34

Banks create money out of thin air. This is not a conspiracy theory. This is how the system works. You deposit a million dollars. The bank lends it to an entrepreneur. You think the bank now has zero. It has two million. Because when a bank issues a loan it creates new money on its balance sheet. This is the secret of alchemy. Turning lead into gold. Turning nothing into something. The only reason it works is because you believe it works. Money is not valuable because of gold. Not because of oil. Money is valuable because you cannot imagine a world without it. That is the trick. And the people running this trick have been running it for 800 years

Predictive History

12,123 Aufrufe • vor 2 Monaten

Most people read the dollar exactly backwards. A rising dollar looks like strength. Strong America, good economy, the Fed doing its job. A falling dollar looks like weakness. Inflation, debasement, the end of dollar dominance. It is the other way around. A rising dollar usually means global funding is tightening. The world is short of dollars and scrambling to find them. That is not strength. That is stress. Think of a hurricane coming and everyone rushing to buy bottled water. The price spikes. That does not mean the water got stronger. It means people are scared and desperate. The dollar works the same way. When it surges against everything at once, it is telling you dollars are getting scarce, not that America is winning. That is why the dollar spikes in crises. The 1997 Asian crisis. 2008. The 2015 emerging market squeeze. March 2020. The 2024 carry trade blow up. The pattern is not random. None of this is really about the Fed or money printing. The dollar's exchange value is mechanical. It runs on the eurodollar system, the offshore dollar funding made of bank balance sheets, collateral, repo, and swaps. The biggest driver is dealer balance sheets. When dealers expand, dollars flow and the world feels calm. When they pull back, dollars get scarce and the dollar climbs. And this is the part everyone gets wrong. When foreign central banks sell US treasuries, the headlines scream that they are dumping America. They are not. They are using their reserves exactly as designed. When their markets are short of dollars, they sell treasuries to supply them. Sell treasuries, the dollar goes up. That is stress, not rejection. Which is why the dollar doom story keeps failing. They said QE would destroy the dollar after 2008. They said the deficits would collapse it. It never happened, because the problem was never too many dollars. It was not enough usable ones in the right places. So when someone tells you a strong dollar means America is strong, be careful. The strongest looking dollar is often the biggest warning sign. And a falling dollar is usually just the storm passing.
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Most people read the dollar exactly backwards. A rising dollar looks like strength. Strong America, good economy, the Fed doing its job. A falling dollar looks like weakness. Inflation, debasement, the end of dollar dominance. It is the other way around. A rising dollar usually means global funding is tightening. The world is short of dollars and scrambling to find them. That is not strength. That is stress. Think of a hurricane coming and everyone rushing to buy bottled water. The price spikes. That does not mean the water got stronger. It means people are scared and desperate. The dollar works the same way. When it surges against everything at once, it is telling you dollars are getting scarce, not that America is winning. That is why the dollar spikes in crises. The 1997 Asian crisis. 2008. The 2015 emerging market squeeze. March 2020. The 2024 carry trade blow up. The pattern is not random. None of this is really about the Fed or money printing. The dollar's exchange value is mechanical. It runs on the eurodollar system, the offshore dollar funding made of bank balance sheets, collateral, repo, and swaps. The biggest driver is dealer balance sheets. When dealers expand, dollars flow and the world feels calm. When they pull back, dollars get scarce and the dollar climbs. And this is the part everyone gets wrong. When foreign central banks sell US treasuries, the headlines scream that they are dumping America. They are not. They are using their reserves exactly as designed. When their markets are short of dollars, they sell treasuries to supply them. Sell treasuries, the dollar goes up. That is stress, not rejection. Which is why the dollar doom story keeps failing. They said QE would destroy the dollar after 2008. They said the deficits would collapse it. It never happened, because the problem was never too many dollars. It was not enough usable ones in the right places. So when someone tells you a strong dollar means America is strong, be careful. The strongest looking dollar is often the biggest warning sign. And a falling dollar is usually just the storm passing.

Jeffrey P. Snider

103,465 Aufrufe • vor 1 Monat

1. Banks don't lend money. 2. Banks borrow from the public. 3. Banks are in the business of purchasing securities. 4. The banks do the opposite of what they present to the public. Banks never transfer any money. 5. What we call a deposit is a bank's record of its debt to the public. 6. Banks invent fictious customer deposits. 7. Banks create money supply by inventing fictitious deposits. 8. You won't have a problem of inequality if money is created for production purposes. 9. Banks are not financial intermediaries but rather money creators. 10. The UK does not have finance but the City of London does and its not part of UK.
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1. Banks don't lend money. 2. Banks borrow from the public. 3. Banks are in the business of purchasing securities. 4. The banks do the opposite of what they present to the public. Banks never transfer any money. 5. What we call a deposit is a bank's record of its debt to the public. 6. Banks invent fictious customer deposits. 7. Banks create money supply by inventing fictitious deposits. 8. You won't have a problem of inequality if money is created for production purposes. 9. Banks are not financial intermediaries but rather money creators. 10. The UK does not have finance but the City of London does and its not part of UK.

Agent Nala

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💰 Andrew Tate on the one truth that changes how you see your bank account. "The money is not real. Things are real, value is real, exchange is real. But money is not real." "The reason you do not understand that is because you are living inside the matrix." When you see money as the matrix trick it is, you stop being scared of it. The men inside The Real World stop being scared. 🔗 in bio.

The Real World App

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Shaykh Jamal Zarabozo on fiat currencies being brought into existence via riba / interest. "The bulk of the money supply is created by the banks. It's not created by the federal government. When someone goes to a bank and says, for example, 'I want to borrow 1 million dollars,' the bank doesn't say, 'Okay, let me go to my vault and see if I have 1 million dollars,' they don't do that. They say, 'What's your name & account number? Okay, I'll write in 1 million dollars,' that's it. Now there's 1 million dollars in the money supply, that's how money is created. The American dollar has nothing behind it, the bulk of it, as I said, has been created by the banks just by an accounting entry. Interestingly, those loans that they make they of course charge interest for. That means the American dollar is a debt ribawi-based system and yet mostly everybody uses the dollar including our Ulema (Islamic scholars), our governments all use the dollar even though that's where the dollar comes from." The U.S. Dollar is the primary fiat currency globally, with other national currencies from around the world subordinate and tied to it. USD , EUR , GBP , CAD , AED , AUD , TRY , PKR , SAR etc.... Are all ribawi currencies.
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Shaykh Jamal Zarabozo on fiat currencies being brought into existence via riba / interest. "The bulk of the money supply is created by the banks. It's not created by the federal government. When someone goes to a bank and says, for example, 'I want to borrow 1 million dollars,' the bank doesn't say, 'Okay, let me go to my vault and see if I have 1 million dollars,' they don't do that. They say, 'What's your name & account number? Okay, I'll write in 1 million dollars,' that's it. Now there's 1 million dollars in the money supply, that's how money is created. The American dollar has nothing behind it, the bulk of it, as I said, has been created by the banks just by an accounting entry. Interestingly, those loans that they make they of course charge interest for. That means the American dollar is a debt ribawi-based system and yet mostly everybody uses the dollar including our Ulema (Islamic scholars), our governments all use the dollar even though that's where the dollar comes from." The U.S. Dollar is the primary fiat currency globally, with other national currencies from around the world subordinate and tied to it. USD , EUR , GBP , CAD , AED , AUD , TRY , PKR , SAR etc.... Are all ribawi currencies.

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Something strange is happening in markets, and almost nobody is watching it. US stocks are surging. Tech is euphoric. Semiconductors are going vertical. The party is back on. Except in Hong Kong. The Hang Seng is falling hard, going the opposite direction. That matters, because Hong Kong is the money gateway into China and across Asia. Money flows through it when people believe in China, when trade is strong, when dollars are easy. So ask the uncomfortable question. What is Hong Kong seeing that everyone else is ignoring? The answer is in China's credit markets. For new credit, bonds have now passed bank loans for the first time. About 30% of the credit stock in May, a record. The official spin is modernization. China moving from property to a high-tech, capital-markets future. It sounds reassuring. It is not. Here is what they leave out. Bank lending creates money. A loan makes a new deposit, new purchasing power, on the spot. Bond issuance does not. Someone buys the bond with savings that already exist. It just moves money around. So bonds can only cushion the fall. They cannot replace the credit that banks are no longer creating. And the banks are pulling back for a reason. A slow-motion credit crisis. As many as 100 million consumers struggling to service their debt. Bad household loans up 21% to a record 2.2 trillion yuan. Nearly 11% of adults behind on payments. Now ask who is issuing all these bonds. Not companies expanding. The government, borrowing to paper over the gap. That is not modernization. Heavy government issuance means the private sector is too scared to borrow, so the state steps in. That is desperation. We have seen this movie. Post-2008 US and Europe. Banks retreated, bonds backstopped, and the economy got the silent depression anyway. That is what Hong Kong is pricing. Not a recovery. Bonds are not the sign China solved its problems. They are the sign the banks can no longer carry them.
21:54

Something strange is happening in markets, and almost nobody is watching it. US stocks are surging. Tech is euphoric. Semiconductors are going vertical. The party is back on. Except in Hong Kong. The Hang Seng is falling hard, going the opposite direction. That matters, because Hong Kong is the money gateway into China and across Asia. Money flows through it when people believe in China, when trade is strong, when dollars are easy. So ask the uncomfortable question. What is Hong Kong seeing that everyone else is ignoring? The answer is in China's credit markets. For new credit, bonds have now passed bank loans for the first time. About 30% of the credit stock in May, a record. The official spin is modernization. China moving from property to a high-tech, capital-markets future. It sounds reassuring. It is not. Here is what they leave out. Bank lending creates money. A loan makes a new deposit, new purchasing power, on the spot. Bond issuance does not. Someone buys the bond with savings that already exist. It just moves money around. So bonds can only cushion the fall. They cannot replace the credit that banks are no longer creating. And the banks are pulling back for a reason. A slow-motion credit crisis. As many as 100 million consumers struggling to service their debt. Bad household loans up 21% to a record 2.2 trillion yuan. Nearly 11% of adults behind on payments. Now ask who is issuing all these bonds. Not companies expanding. The government, borrowing to paper over the gap. That is not modernization. Heavy government issuance means the private sector is too scared to borrow, so the state steps in. That is desperation. We have seen this movie. Post-2008 US and Europe. Banks retreated, bonds backstopped, and the economy got the silent depression anyway. That is what Hong Kong is pricing. Not a recovery. Bonds are not the sign China solved its problems. They are the sign the banks can no longer carry them.

Jeffrey P. Snider

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Supposedly, the Fed exists to support a stable economy. Meanwhile, five banks collected $188 billion in interest from the Fed, and every dollar came from taxpayers. Why are banks being rewarded by an institution in our government for parking cash instead of lending it? My bill stops these interest payments and audits the system. I have two bills for this: one to audit the Fed and another to end the Fed’s big bank bailout. This money ought to go back to Main Street, not Wall Street.

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Susan Kokinda drops the hammer on cartel money laundering and it's links to British banks: “The system would have collapsed if it weren't for the dirty money. It was dirty money flooding back into the banks, into the so-called legitimate banking system, which kept some of these big banks afloat during that financial blowout. So that's the answer. The answer is that drug trafficking and dirty money laundering are part of the business model of the British Empire.” Susan Kokinda

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The Fed has paid big banks nearly half a trillion taxpayer dollars over five years just to hold their money—rewarding them for not lending. To stop this, I introduced the End the Fed’s Big Bank Bailout Act to ban the Fed from paying interest on reserves for big financial institutions. If President Donald J. Trump wants to lower interest rates, this legislation is a real solution.

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BANKS - Reform’s Richard Tice wrote to the Bank of England, about stopping paying £ BILLIONS of tax payers money in interest to commercial banks, on money they printed in the first place, is wrong…. The banks aren’t happy! It’s too important not to explain, so here’s the detail of the massive grift we are being forced to fund and the control of the Pyramid of Banks. The full Banker always wins video explaining the global banking control, is in the link below.

Bernie

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A former World Bank president has sounded the alarm, revealing that the Federal Reserve has lost over a trillion dollars—and counting—turning it into nothing more than a massive hedge fund for the rich and powerful. He claims the Fed is borrowing money from banks at 5.4% interest, then pouring it into government bonds, creating the illusion that the government’s financial situation is better than it actually is. He warns that this scheme isn’t just limited to the U.S.—it’s happening across central banks worldwide.
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A former World Bank president has sounded the alarm, revealing that the Federal Reserve has lost over a trillion dollars—and counting—turning it into nothing more than a massive hedge fund for the rich and powerful. He claims the Fed is borrowing money from banks at 5.4% interest, then pouring it into government bonds, creating the illusion that the government’s financial situation is better than it actually is. He warns that this scheme isn’t just limited to the U.S.—it’s happening across central banks worldwide.

Shadow of Ezra

3,136,344 Aufrufe • vor 1 Jahr

A former World Bank president has sounded the alarm, revealing that the Federal Reserve has lost over a trillion dollars—and counting—turning it into nothing more than a massive hedge fund for the rich and powerful. He claims the Fed is borrowing money from banks at 5.4% interest, then pouring it into government bonds, creating the illusion that the government’s financial situation is better than it actually is. He warns that this scheme isn’t just limited to the U.S.—it’s happening across central banks worldwide.
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A former World Bank president has sounded the alarm, revealing that the Federal Reserve has lost over a trillion dollars—and counting—turning it into nothing more than a massive hedge fund for the rich and powerful. He claims the Fed is borrowing money from banks at 5.4% interest, then pouring it into government bonds, creating the illusion that the government’s financial situation is better than it actually is. He warns that this scheme isn’t just limited to the U.S.—it’s happening across central banks worldwide.

Tomthunkit™

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The Trump admin is GASLIGHTING us re: no CBDCs They know they can't do CBDCs because of the Constitution, so they're backdooring them with stablecoins Iain Davis explains— "the idea of a [CBDC] is that it will give these private institutions total control of a new digital international monetary and financial system" "CBDC is programmable money that slots into that system. That's why they want it" "That's not going to work in the US because... it's a constitutional right in the United States that the people, and only the people, oversee what they call the power, quote–unquote... to coin money" "So what are you going to do about it? You need some sort of work-round" "So stablecoins and things like deposit tokens or tokenized deposits are variations of programmable digital currency. But rather than being issued by a central bank, they're issued by a commercial bank" "stablecoins... slot into the system of programmability just as easily, if not more so than a central bank digital currency. So you can attach smart contracts to any kind of digital transaction using digital currency" "Programmable digital currency and stablecoins do exactly the same thing, serve the same purpose, as central bank digital currency" This clip of Iain Davis (InThisTogether), author of The Technocratic Dark State, is taken from a Flashlights podcast (Flashlights Podcast) episode posted to Rumble on May 17, 2026. ---------------Partial transcription of clip---------------- "It's a constitutional right in the United States that the people, and only the people, oversee what they call the power, quote–unquote, it says this in the Constitution, to coin money. So the power to coin money is overseen by the people. "Now the idea of a central bank digital currency is that it will give these private institutions total control of a new digital international monetary and financial system. That's CBDC is programmable money that slots into that system. That's why they want it. "That's not going to work in the US because even though Congress, you know, Congress is the, is the dog which is wagged by the tail in this of the Fed, the Fed, you know, the Fed tells Congress what to do, not the other way round. But theoretically it could be the other way round. And theoretically the people could assert their control over the Fed if they only knew about it, which, not many people do, but they could do it, right? It's in the US Constitution. "Now that's a problem if you're going to embark on a global transformation of the entire international monetary and financial system when your leading reserve currency is the US dollar. So that's, you know, that could all go wrong very badly. "So what are you going to do about it? You need some sort of work round. How are you, how are you going to do which for the, you know, I, for many years, well, since central bank digital currency has been something that I've been looking at, I couldn't figure out why the US wasn't more enthusiastic about central bank digital currency. "Because it's the type of thing that the US administrations are usually right up— You know, they're really gung ho about that kind of centralized control of everything. That's right up their alley. So why, why don't they like it? And then it was the work of John Titus who pointed out this problem that they've got in the US with the Constitution that made me look at that and think, right. And then I started investigating that further. And he's right about that. That is a problem. "But then they obviously need some sort of workaround. How are they going to have. Because the main point of central bank digital currency from the surveillance and control aspect is that we will all need digital identity in order to access our digital wallets, which will contain the currency and the currency and the wallets and our, digital identities will all be programmable so conditions can be set on everything that we do. "Every transaction we make will be subject to condition through some sort of smart contract probably, which will control it. Right. So you know, if you say the wrong thing or you know, you, you just write the wrong thing online, you could be punished by algorithm by controlling your access to money... "And so the key to that is central bank— the programmability of central bank digital currency. But obviously that's not going to, may not work. There's a good chance that won't work in the United States which has got the US dollar reserve is an important currency. "So what are you going to do? So stablecoins and things like deposit tokens or tokenized deposits are variations of programmable digital currency. But rather than being issued by a central bank, they're issued by a commercial bank. So or in the case of stablecoins, a non-bank, a non-bank institution like Tether. So it's not a bank. "But you can use stablecoins for exactly the same. They slot into the system of programmability just as easily, if not more so than a central bank digital currency. So you can attach smart contracts to any kind of digital transaction using digital currency. Programmable digital currency and stablecoins do exactly the same thing, serve the same purpose as central bank digital currency or the other version, the commercial bank version is deposit tokens. Any of those will do. "Now in the US they've gone down the stablecoin route so they can issue the stablecoins which will be backed by US Treasuries, just like the dollar or just like any kind of dollar instrument will be one to one convertible for the US dollar. So the stablecoins are effectively the US dollar in, in digital form. "But instead of calling it a central bank digital currency, they call it issued by, it wouldn't have to be issued by the Fed. They call it a stablecoin, which is issued by a company like Tether or you know, someone like that. So it's the same system but using a workaround. And that workaround came with the Genius Act which, which came from an executive order that Trump made when he first came to office. "Because the Americans, quite rightly when they were electing their president, were concerned about central bank digital currency. I mean anyone that understands what it is should be terrified of it. So they didn't want it, and Trump promised that they wouldn't have it. Probably. I don't know whether he knew, but certainly the gaggle of technocrats that were around him knew that they weren't going down that path. Anyway, no chance of the US introducing it because of these problems we've just outlined."
6:11

The Trump admin is GASLIGHTING us re: no CBDCs They know they can't do CBDCs because of the Constitution, so they're backdooring them with stablecoins Iain Davis explains— "the idea of a [CBDC] is that it will give these private institutions total control of a new digital international monetary and financial system" "CBDC is programmable money that slots into that system. That's why they want it" "That's not going to work in the US because... it's a constitutional right in the United States that the people, and only the people, oversee what they call the power, quote–unquote... to coin money" "So what are you going to do about it? You need some sort of work-round" "So stablecoins and things like deposit tokens or tokenized deposits are variations of programmable digital currency. But rather than being issued by a central bank, they're issued by a commercial bank" "stablecoins... slot into the system of programmability just as easily, if not more so than a central bank digital currency. So you can attach smart contracts to any kind of digital transaction using digital currency" "Programmable digital currency and stablecoins do exactly the same thing, serve the same purpose, as central bank digital currency" This clip of Iain Davis (InThisTogether), author of The Technocratic Dark State, is taken from a Flashlights podcast (Flashlights Podcast) episode posted to Rumble on May 17, 2026. ---------------Partial transcription of clip---------------- "It's a constitutional right in the United States that the people, and only the people, oversee what they call the power, quote–unquote, it says this in the Constitution, to coin money. So the power to coin money is overseen by the people. "Now the idea of a central bank digital currency is that it will give these private institutions total control of a new digital international monetary and financial system. That's CBDC is programmable money that slots into that system. That's why they want it. "That's not going to work in the US because even though Congress, you know, Congress is the, is the dog which is wagged by the tail in this of the Fed, the Fed, you know, the Fed tells Congress what to do, not the other way round. But theoretically it could be the other way round. And theoretically the people could assert their control over the Fed if they only knew about it, which, not many people do, but they could do it, right? It's in the US Constitution. "Now that's a problem if you're going to embark on a global transformation of the entire international monetary and financial system when your leading reserve currency is the US dollar. So that's, you know, that could all go wrong very badly. "So what are you going to do about it? You need some sort of work round. How are you, how are you going to do which for the, you know, I, for many years, well, since central bank digital currency has been something that I've been looking at, I couldn't figure out why the US wasn't more enthusiastic about central bank digital currency. "Because it's the type of thing that the US administrations are usually right up— You know, they're really gung ho about that kind of centralized control of everything. That's right up their alley. So why, why don't they like it? And then it was the work of John Titus who pointed out this problem that they've got in the US with the Constitution that made me look at that and think, right. And then I started investigating that further. And he's right about that. That is a problem. "But then they obviously need some sort of workaround. How are they going to have. Because the main point of central bank digital currency from the surveillance and control aspect is that we will all need digital identity in order to access our digital wallets, which will contain the currency and the currency and the wallets and our, digital identities will all be programmable so conditions can be set on everything that we do. "Every transaction we make will be subject to condition through some sort of smart contract probably, which will control it. Right. So you know, if you say the wrong thing or you know, you, you just write the wrong thing online, you could be punished by algorithm by controlling your access to money... "And so the key to that is central bank— the programmability of central bank digital currency. But obviously that's not going to, may not work. There's a good chance that won't work in the United States which has got the US dollar reserve is an important currency. "So what are you going to do? So stablecoins and things like deposit tokens or tokenized deposits are variations of programmable digital currency. But rather than being issued by a central bank, they're issued by a commercial bank. So or in the case of stablecoins, a non-bank, a non-bank institution like Tether. So it's not a bank. "But you can use stablecoins for exactly the same. They slot into the system of programmability just as easily, if not more so than a central bank digital currency. So you can attach smart contracts to any kind of digital transaction using digital currency. Programmable digital currency and stablecoins do exactly the same thing, serve the same purpose as central bank digital currency or the other version, the commercial bank version is deposit tokens. Any of those will do. "Now in the US they've gone down the stablecoin route so they can issue the stablecoins which will be backed by US Treasuries, just like the dollar or just like any kind of dollar instrument will be one to one convertible for the US dollar. So the stablecoins are effectively the US dollar in, in digital form. "But instead of calling it a central bank digital currency, they call it issued by, it wouldn't have to be issued by the Fed. They call it a stablecoin, which is issued by a company like Tether or you know, someone like that. So it's the same system but using a workaround. And that workaround came with the Genius Act which, which came from an executive order that Trump made when he first came to office. "Because the Americans, quite rightly when they were electing their president, were concerned about central bank digital currency. I mean anyone that understands what it is should be terrified of it. So they didn't want it, and Trump promised that they wouldn't have it. Probably. I don't know whether he knew, but certainly the gaggle of technocrats that were around him knew that they weren't going down that path. Anyway, no chance of the US introducing it because of these problems we've just outlined."

Sense Receptor

13,996 Aufrufe • vor 2 Monaten

Donald Trump Is Talking About Plans The Eliminate The Income Tax El Salvador's President Nayib Bukele Says The IRS & Excessive American Tax System Are COMPLETELY UNNECESSARY “You pay high taxes only to uphold the illusion that you are funding the government, which you are not” “The financial situation of the United States. When I talk to my conservative friends right here, they always tell me that the problem is high taxes, but they're wrong. Of course, high taxes are extremely high here in the United States. I give you that. You're right in that. But that's not the real problem. ‌ The real problem is not the high taxes themselves, but the fact that they are not even really funding the government. But even those high taxes, higher than a lot of places in the world, not even those taxes are really funding the government. So who's financing the government? Government is financed by Treasury bonds, paper. ‌ And who buys the Treasury bonds? Mostly the Fed. And how does the Fed buy them? By printing money. But what backing does the Fed have for that money being printed? ‌ The Treasury bonds themselves. So, basically, you finance the government by printing money out of thin air. Someone could ask someone could ask, well, so if the government can print the limited amounts of money out of their error, why did they collect taxes? I mean, in theory, it would make sense. Right? ‌ If they can put unlimited amounts of money, why would they need taxes for? The answer is simple, but it's very shocking. The real problem is that you pay high taxes only to uphold the illusion that you are funding the government, which you are not. It's shocking, but it's true. The government is funded by money printing, paper backed with paper, a bubble that will inevitably inevitably burst. ‌ The situation is even worse than it seems because if most Americans and the rest of the world were to become aware of these bars, confidence in your currency would be lost. The dollar will fall and the western civilization with it. If the next president of the United States doesn't make the necessary policies and the structural changes, sooner or later that bubble will burst. ‌ There's still time. You don't have to make the same mistakes we did in the sixties seventies. You can still jump before the water boils.”
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Donald Trump Is Talking About Plans The Eliminate The Income Tax El Salvador's President Nayib Bukele Says The IRS & Excessive American Tax System Are COMPLETELY UNNECESSARY “You pay high taxes only to uphold the illusion that you are funding the government, which you are not” “The financial situation of the United States. When I talk to my conservative friends right here, they always tell me that the problem is high taxes, but they're wrong. Of course, high taxes are extremely high here in the United States. I give you that. You're right in that. But that's not the real problem. ‌ The real problem is not the high taxes themselves, but the fact that they are not even really funding the government. But even those high taxes, higher than a lot of places in the world, not even those taxes are really funding the government. So who's financing the government? Government is financed by Treasury bonds, paper. ‌ And who buys the Treasury bonds? Mostly the Fed. And how does the Fed buy them? By printing money. But what backing does the Fed have for that money being printed? ‌ The Treasury bonds themselves. So, basically, you finance the government by printing money out of thin air. Someone could ask someone could ask, well, so if the government can print the limited amounts of money out of their error, why did they collect taxes? I mean, in theory, it would make sense. Right? ‌ If they can put unlimited amounts of money, why would they need taxes for? The answer is simple, but it's very shocking. The real problem is that you pay high taxes only to uphold the illusion that you are funding the government, which you are not. It's shocking, but it's true. The government is funded by money printing, paper backed with paper, a bubble that will inevitably inevitably burst. ‌ The situation is even worse than it seems because if most Americans and the rest of the world were to become aware of these bars, confidence in your currency would be lost. The dollar will fall and the western civilization with it. If the next president of the United States doesn't make the necessary policies and the structural changes, sooner or later that bubble will burst. ‌ There's still time. You don't have to make the same mistakes we did in the sixties seventies. You can still jump before the water boils.”

Wall Street Apes

3,700,587 Aufrufe • vor 2 Jahren

BANKING SYSTEM FINALLY COLLAPSED — THEY WERE BROKE THE WHOLE TIME "ALL THE BANKS ARE BROKE. BANK SANTANDER, DEUTSCHE BANK, ROYAL BANK OF SCOTLAND — THEY'RE ALL BROKE." "IT ISN'T AN ACT OF GOD. IT ISN'T SOME SORT OF TSUNAMI." "THEY'RE BROKE BECAUSE OF FRACTIONAL RESERVE BANKING — BANKS LEND MONEY THEY DON'T ACTUALLY HAVE. IT'S A CRIMINAL SCANDAL." ⚖️📉 "MOST OF THE PROBLEM STARTS IN POLITICS AND CENTRAL BANKS."
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BANKING SYSTEM FINALLY COLLAPSED — THEY WERE BROKE THE WHOLE TIME "ALL THE BANKS ARE BROKE. BANK SANTANDER, DEUTSCHE BANK, ROYAL BANK OF SCOTLAND — THEY'RE ALL BROKE." "IT ISN'T AN ACT OF GOD. IT ISN'T SOME SORT OF TSUNAMI." "THEY'RE BROKE BECAUSE OF FRACTIONAL RESERVE BANKING — BANKS LEND MONEY THEY DON'T ACTUALLY HAVE. IT'S A CRIMINAL SCANDAL." ⚖️📉 "MOST OF THE PROBLEM STARTS IN POLITICS AND CENTRAL BANKS."

Paul White Gold Eagle

79,268 Aufrufe • vor 4 Monaten